Jersey Oil and Gas (“JOG”) is a UK E&P company focused on the North Sea. It holds 18% in the P2170 licence where it is expecting to participate in a Statoil funded and operated exploration well in 2017. The company is also planning to build a 10mbbl/d production portfolio via acquisitions as the supermajors trim their portfolios and debt-laden peers are forced into asset sales. We believe these two themes should create catalysts over the next 12 months and beyond: Buy.
01 Nov 2016
Gold top potential
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Gold top potential
Jersey Oil & Gas PLC (JOG:LON) | 155 0 0.0% | Mkt Cap: 50.6m
- Published:
01 Nov 2016 -
Author:
Daniel Slater, CFA -
Pages:
44
Jersey Oil and Gas (“JOG”) is a UK E&P company focused on the North Sea. It holds 18% in the P2170 licence where it is expecting to participate in a Statoil funded and operated exploration well in 2017. The company is also planning to build a 10mbbl/d production portfolio via acquisitions as the supermajors trim their portfolios and debt-laden peers are forced into asset sales. We believe these two themes should create catalysts over the next 12 months and beyond: Buy.